date:Dec 06, 2012
KP snacks the maker of Hula Hoops, KP Nuts and McCoys has been bought from United Biscuits by German firm Intersnack for an undisclosed sum.
Analysts had long predicted its sale, but many believed it would be snapped up by a private equity buyer, rather than a trade firm.
The deal with Intersnack is expected to be wrapped up during the first quarter of next year and also includes other assets, including KP Snacks UK manufacturing offices and head office.
United Biscuits will retain ownershi